Corient Private Wealth LLC Buys Shares of 25,000 Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS)

Corient Private Wealth LLC bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $573,000. Corient Private Wealth LLC owned 0.14% of Direxion Daily Semiconductors Bear 3x Shares as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. PayPay Securities Corp purchased a new position in Direxion Daily Semiconductors Bear 3x Shares in the fourth quarter valued at approximately $65,000. Edgestream Partners L.P. bought a new stake in shares of Direxion Daily Semiconductors Bear 3x Shares in the third quarter valued at $397,000. Vontobel Holding Ltd. lifted its position in shares of Direxion Daily Semiconductors Bear 3x Shares by 27.3% during the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after buying an additional 6,095 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Direxion Daily Semiconductors Bear 3x Shares during the 4th quarter worth $860,000. Finally, Merit Financial Group LLC increased its holdings in Direxion Daily Semiconductors Bear 3x Shares by 271.2% in the 4th quarter. Merit Financial Group LLC now owns 46,400 shares of the company’s stock worth $1,043,000 after acquiring an additional 33,900 shares during the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Stock Performance

Shares of Direxion Daily Semiconductors Bear 3x Shares stock opened at $28.79 on Friday. Direxion Daily Semiconductors Bear 3x Shares has a 52-week low of $16.35 and a 52-week high of $46.84. The stock’s 50-day simple moving average is $21.99 and its 200 day simple moving average is $21.73.

Direxion Daily Semiconductors Bear 3x Shares Cuts Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th will be given a $0.1846 dividend. The ex-dividend date is Tuesday, March 25th.

Direxion Daily Semiconductors Bear 3x Shares Profile

Direxion Daily Semiconductor Bear 3x shares seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index (Semiconductor Index). The Semiconductor Index measures the performance of the semiconductor subsector of the United States equity market.